Market Analysis: Markets edged higher ahead of the interim budget and gained nearly a percent by Ajit Mishra, Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views On Market Analysis by Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets edged higher ahead of the interim budget and gained nearly a percent. After the initial downtick, buying in select heavyweights triggered a rebound in the first half, followed by a range bound move till the end. Most sectors traded in sync with the move and ended higher wherein pharma, realty and banking were among the top gainers. The market breadth was also inclined towards the advancing side, thanks to outperformance by midcap and smallcap packs.
The recent move in the index is not giving any clear signal over the next directional move and we need a decisive close above 21,850 in Nifty to inch towards the 22,000 zone else profit taking would resume. Amid all, we reiterate our view to focus on stock selection and trade management citing the upcoming events and prevailing earnings season.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Apollo Hospitals_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shivam Thakral, CEO of BuyUcoin.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pharma.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Quote on Sensex crossing 80000 mark by Shrikant Chouhan, Head Equity Research, Kotak Securities
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
![Daily Market Commentary : Nifty Surges 1% to Close at Day`s High, Gains 223 Points Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker _876.jpg)
![Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![Daily Market Analysis : The markets experienced volatility today, resulting in a slight decrease of nearly half a percent despite mixed signals Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)